Wealth can be thought of as:
A) the total of all assets less any debts.
B) the total of all assets held at any one point in time.
C) the income earned in a year.
D) the total of all current and expected assets.

Question

Quizplus · Accepted Answer

Wealth is the total of all assets less any debts, as it takes into account a person's net worth rather than just their assets or income earned in a year. Option B is not entirely correct as it only accounts for a snapshot in time, while wealth can fluctuate with market changes and other factors. Option C only refers to income, not overall wealth. Option D is too vague and includes assets that may not yet be attained.

Wealth Can Be Thought of As